4Ps Financial Literacy Manual launched by DSWD, USAID

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To offer an enhanced approach in providing financial literacy sessions to the beneficiaries of the Pantawid Pamilyang Pilipino Program (4Ps), the Department of Social Welfare and Development (DSWD) has launched on Friday, Feb. 19, the Financial Literacy Manual for the Family Development Sessions (FD

In partnership with the United States Agency for International Development through its E-PESO project, the manual aims to assist 4Ps beneficiaries in their eventual exit and/or graduation from the program and “towards achieving sustainable financial independence.”

Consisting of four modules, the manual includes understanding the value of cash grants and using it wisely and appropriately; developing financial goals, managing finances through responsible budgeting; recognizing the importance of saving; understanding transaction accounts; and being keen to consumer protection, policies on general goods and financial products.

The said manual also includes topics on expanding opportunities for livelihood as well as access to more advanced financial products and services.It has become the national poverty reduction strategy of the government that invests in health, nutrition, and education of eligible poor households.

The DSWD sealed a partnership with USAID to steer the 4Ps beneficiaries towards financial inclusivity, which is the government’s mandate to mainstream the poor in the country’s economic system in November 2019.

 

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